Carvolution secures CHF 24m financing line

Niederer Kraft Frey advised Zuger Kantonalbank as sole lender on an innovative CHF 24 million credit facility to finance Carvolution’s expansion of its modern vehicle fleet.

Swiss start-up Carvolution is the market leader in all-inclusive car subscription services in Switzerland, providing its customers with tailor made mobility solutions. The implementation of this credit facility is a significant milestone for Carvolution in its growth trajectory and sends a strong signal to the Swiss start-up community as a whole.

The NKF team was led by partner Philip Spoerlé, working with associate Selim Lötscher and junior associate Manuel Constam (all M&A/Finance) as well as partner Markus Kronauer (Tax).